Monetary Transmission Mechanisms in Belarus

Monetary Transmission Mechanisms in Belarus
We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather than leading, financial market developments. Our... READ MORE...

Publication date: November 2006
ISBN 9781451865066
$18.00

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